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Promotion
What is promotion?-It equals marketing communication.
-It involves communication about the product the product or service.
-Promotion is an element in the marketing mix.
-Communication techniques aimed at informing, influence and persuading customers to buy or use a particular.
Advantages 1. Advertising
1.Wide coverage
2.Control of
message3.Repetition means
that the message
can be communication
4.Can be used to
build brand loyalty
2. Personal selling
1.High customer
attention
2.Message is
customized
3.Interactivity
4.Persuasive impact
5.Potential for
development of
relationship
6.Adaptable
3. Sales promotion
-Effective at achieving a quick boost to sales.
-Encourages customers to trial a product or switch brands.
4. Merchandising
-Displaying products to maximize sales.
-Operates at the point-of-sale.
5. Public relations-Can achieve favorable publicity about the business.
-Can communicate effectively with customers and other stakeholders.
-Can build the image and reputation of the business and its products, particularly amongst customers.
6. Sponsorship-Sponsoring events that appeal to their market are likely to shape buying attitudes and help generate a positive reaction.
-Promotes the Brand Image.
7. Direct Marketing-Focus limited resources on targeted promotion
-Can personalize the marketing message
-Relatively easy to measure response & success
-Easy to test different marketing message
-Cost-effective if customer database is well managed
Branding!? Branding is establishing an identity for a product that distinguishes it from competitors.The adoption of values, image, awareness, recognition, quality, features, benefits and name for a product.A brand is the sum of the characteristics of a product perceived by user.
Why brand?-To differentiate the product-To aid advertising-To build loyalty-To facilitate recall-To communicate value of the product-To aid recognition-To protect the product-To convey the image of the product
5 products brandedNike-Adidas
Apple
HP
World cup ball
Ipad
Types of advertising
Informative – provides information
Persuasive – to encourage brand switching
Competitive – to point out differential advantages
The 5 M of advertising1.Mission – objectives
2.Money – to pay for the campaign
3.Message – to be delivered
4.Media – choice of advertising media
5.Measure – measuring the impact
1.Print media – newspaper and magazinesAdvantages:
-Widely read
-Short lead time
-Local. Regional and national papers available-Color printing adds to impact
-Inexpensive compared to television
Disadvantages:
-Short life
-Low impact
-Not every group reads a paper
-High costs especially for national newspaper
2. Television Advantages:
1.Large audience
2.Low cost per exposure
3.High impact – color, sound and movement
4.Can target specific groups
Disadvantage:
1.Very high overall cost
2.Limited prime time space
3.Short-lived
4.May not be watched – visual wallpaper
5.Proliferation of channels
6.Reduces audience
7.Conveys only a limited message
3. Radio Advantages:
-Relatively inexpensive
-Can target specific segment
-Relatively mobile
-local
Disadvantage:
-Limited impact
-No vision
-Short life
-Listener’s attention limited
-Audio wallpaper
-Mainly local rather than national
4. Cinema
Advantages:
1.High impact
2.Captive audience
3.Can be specifically targeted
4.Local audience
5.Visual, sound, ,movement
Disadvantages:
1.Limited audience
2.Mainly young audience
3.Short lived message
4.May only be seen once
5. Outdoor
Advantages:
-Repeatedly seen
-Target particular area
-May encourage impulse buying if close to shops
-Local media
Disadvantage:
-Message must be short and simple
-Cannot target socio economic groups
-Rarely attract full attention
-Short lived
-Difficult to measure effectiveness
6. Internet
Advantages:
-Cheap
-Easy to set up
-Easily updated
-Number of hits can be monitored – useful measure of effectiveness
Disadvantages:
-Problems of connecting
-Limited audience
-Technical problems
-Banner adverts not very effective
-Search engine listing can be costly